Dupont Capital Management Corp boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 21,591 shares of the software maker’s stock after buying an additional 595 shares during the period. Dupont Capital Management Corp’s holdings in Intuit were worth $2,868,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in INTU. Guardian Life Insurance Co. of America increased its position in shares of Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after buying an additional 5 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of Intuit by 0.4% in the second quarter. FineMark National Bank & Trust now owns 2,716 shares of the software maker’s stock valued at $361,000 after buying an additional 11 shares during the last quarter. Cue Financial Group Inc. increased its position in shares of Intuit by 0.3% in the second quarter. Cue Financial Group Inc. now owns 7,004 shares of the software maker’s stock valued at $930,000 after buying an additional 20 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Intuit by 0.6% in the first quarter. Harbour Capital Advisors LLC now owns 4,061 shares of the software maker’s stock valued at $471,000 after buying an additional 25 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Intuit by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock valued at $935,000 after buying an additional 27 shares during the last quarter. 85.18% of the stock is currently owned by institutional investors.

Shares of Intuit Inc. (INTU) opened at 134.46 on Friday. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 38.64 and a beta of 1.15. The company has a 50-day moving average price of $135.02 and a 200-day moving average price of $128.27. Intuit Inc. has a 12 month low of $103.22 and a 12 month high of $143.81.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.87 by $0.03. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business posted $3.43 earnings per share. Intuit’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Intuit Inc. will post $4.39 EPS for the current year.

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Several research analysts have commented on INTU shares. Benchmark Co. started coverage on Intuit in a report on Thursday, April 27th. They set a “buy” rating and a $140.00 target price on the stock. Citigroup Inc. lifted their target price on Intuit from $128.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Bank of America Corporation lifted their target price on Intuit from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Deutsche Bank AG lifted their target price on Intuit from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research raised Intuit from a “sell” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $135.63.

In other Intuit news, Director Dennis D. Powell sold 16,686 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $136.82, for a total transaction of $2,282,978.52. Following the completion of the transaction, the director now owns 4,554 shares of the company’s stock, valued at $623,078.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total transaction of $253,127.59. The disclosure for this sale can be found here. Insiders sold 151,265 shares of company stock valued at $21,085,104 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

Intuit Company Profile

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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